Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Morocco - 2022

Contents:

  1. Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Morocco (CIF) - 2022
  2. Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Morocco (FOB) - 2022
  3. Imports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Morocco
  4. Exports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Morocco

Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Morocco (CIF) - 2022

In 2022, the average import price for seed; sugar beet seed, of a kind used for sowing amounted to $80,903 per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2018 when the average import price increased by 24% against the previous year. The import price peaked at $82,059 per ton in 2021, and then contracted modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($88,607 per ton) and France ($82,848 per ton), while the price for Italy ($72,101 per ton) and Germany ($77,052 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Morocco (FOB) - 2022

The average export price for seed; sugar beet seed, of a kind used for sowing stood at $80,725 per ton in April 2021, remaining stable against the previous month. Over the last one months, it increased at an average monthly rate of +1.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In April 2021, the country with the highest price was Belgium ($86,593 per ton), while the average price for exports to Germany amounted to $69,016 per ton.

From March 2021 to April 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Morocco

For the third consecutive year, Morocco recorded decline in overseas purchases of seed; sugar beet seed, of a kind used for sowing, which decreased by -18.8% to 159 tons in 2022. Over the period under review, imports continue to indicate a deep slump. The smallest decline of -8% was in 2021.

In value terms, imports of seed; sugar beet seed, of a kind used for sowing declined significantly to $13M in 2022. In general, imports showed a abrupt downturn. The smallest decline of -2.3% was in 2020.

Import of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Morocco (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France4.85.85.06.711.8%
Germany2.11.71.72.56.0%
Belgium1.51.51.52.010.1%
Italy1.11.00.91.715.6%
Denmark0.20.20.2N/A0.0%
Others7.46.56.8N/A-4.1%
Total17.216.816.012.8-9.4%

Top Suppliers of Seed; Sugar Beet Seed, of A Kind Used for Sowing to Morocco in 2022:

  1. France (81.3 tons)
  2. Germany (31.9 tons)
  3. Italy (23.2 tons)
  4. Belgium (22.2 tons)

Exports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Morocco

In 2022, after two years of growth, there was significant decline in shipments abroad of seed; sugar beet seed, of a kind used for sowing, when their volume decreased by -49.8% to 76 tons. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 29,219%. As a result, the exports reached the peak of 151 tons, and then reduced sharply in the following year.

In value terms, exports of seed; sugar beet seed, of a kind used for sowing declined sharply to $1.3M in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 26,239% against the previous year. As a result, the exports attained the peak of $2.5M, and then dropped markedly in the following year.

Export of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Morocco (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
France2.95774341123.3%
Denmark2.64633481056.9%
Germany2.2306230922.5%
Belgium1.32712041152.7%
Netherlands0.448.335.1836.7%
OthersN/A827N/A0%
Total9.52,4931,2511047.5%

Top Export Markets for Seed; Sugar Beet Seed, of A Kind Used for Sowing from Morocco in 2022:

  1. France (24.9 tons)
  2. Denmark (22.6 tons)
  3. Germany (15.5 tons)
  4. Belgium (11.6 tons)
  5. Netherlands (1.1 tons)

Source: IndexBox Market Intelligence Platform

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